Sei network, a rapidly expanding layer one (L1) blockchain with nearly $24 million in total value locked (TVL), has successfully integrated with OpenSea, a leading marketplace for non-fungible tokens (NFTs). This integration allows NFT holders on the Sei network to easily trade on OpenSea, benefiting from low fees and fast transactions, which encourages broader crypto adoption.

The Sei team highlighted that this integration brings rapid finality and throughput, offering a seamless Web2-like experience in crypto, akin to Solana's parallelized performance. This marks a significant milestone in the NFT space amid increasing mainstream adoption of digital assets and web3 projects. Both Sei network and OpenSea have strong community support and have grown even during the crypto bear market of 2022/2023.

Currently, the Sei network is ranked 85th in market cap, with around $1.5 billion, and an average daily traded volume of about $79 million. OpenSea has facilitated a cumulative NFT trading volume of approximately $39 billion, with its peak in early 2022.

While the NFT industry saw a decline in trading volume in recent years due to concerns about fraud and scams, ongoing global crypto regulation has spurred its revival. In April, OpenSea reported 283,640 monthly active users.

The upcoming transition to Sei V2, with significant upgrades like dual address support, indicates further momentum for the Sei network. This integration with OpenSea will likely accelerate the adoption of SEI coins in the coming months, as the altcoin has already shown solid support around 50 cents amidst the crypto market recovery.

From a technical perspective, SEI's price against the US dollar is forming a macro reversal pattern after a correction phase earlier this year. Failure to rebound from current consolidation could see the altcoin drop by as much as 35 percent towards 31 cents, aligning with the weekly 0.786 Fibonacci Retracement.

Ultimately, the Sei network aims to compete with top-tier layer one blockchains like Solana (SOL) and Toncoin (TON) in enabling web3 and digital assets mass adoption. Notable DeFi projects on Sei include Astroport DEX, SiloStake, and Levana Perps.